THE FRIENDS OF THE READING HOSPITAL

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1890

Legal Domicile

Principal Officer

SHARON KEATING

Phone

4846288302

Tax Period

2022-07-01 to 2023-06-30

THE FRIENDS OF THE READING HOSPITAL, founded in 1890, is a small nonprofit that reported $154K in total revenue in fiscal year 2022. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $295K exceeded revenue, resulting in a 92% operating deficit.

Mission

TO PROMOTE AND ADVANCE THE WELFARE OF THE READING HOSPITAL

Program Service Accomplishments

Program 1

Expenses: $248,171

CONTRIBUTIONS TO THE READING HOSPITAL AND THE COMMUNITY TO PROMOTE AND ADVANCE THE WELFARE OF THE HOSPITAL

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $102,389

Program Service Revenue $0

Investment Income $27,337

Other Revenue $24,118

TOTAL REVENUE $153,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,868

Fundraising Expenses $0

Program Expenses $248,171

Other Expenses $19,415

TOTAL EXPENSES $295,454

Year-over-Year Comparison

	2022	2021	Change
Revenue	$153,844	$255,209	-0.4%
Expenses	$295,454	$339,558	-0.1%
Net Income	$-141,610	$-84,349	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA CHRISTIAN	VP FINANCE	5.00	Officer	$0	$0	$0
MARY ELLEN BATMAN	VP OF SPECIAL PROJECTS	5.00	Officer	$0	$0	$0
SHARON KEATING	PRESIDENT	5.00	Officer	$0	$0	$0
BETH KOHL	SECRETARY	5.00	Officer	$0	$0	$0
TONI REECE	PRESIDENT ELECT	5.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$153,844	$295,454	No data	$-141,610
2022	$255,209	$339,558	$1,199,203	$-84,349
2021	$99,503	$305,784	$1,386,757	$-206,281
2020	$601,869	$668,053	$1,581,899	$-66,184
2019	$504,376	$387,498	$1,709,900	$116,878
2018	$472,637	$353,937	$1,577,585	$118,700